Inertial Navigation System Market Opportunities and Challenges

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The Inertial Navigation System Market report
provides an analysis of the market from 2017 to
2022. It discusses industry and technology trends
that are currently prevailing in the inertial
navigation system market, along with the
drivers, restraints, challenges, and
opportunities in the market. The inertial
navigation system market is projected to grow
from an estimated USD 9.54 billion in 2017
to USD 12.26 billion by 2022, at a CAGR of
5.15 during the forecast period. The increase
in aircraft orders is one of the key factors
driving the inertial navigation system market.
Emerging markets in the Asia Pacific and Latin
American regions are expected to witness an
increase in demand for aircraft during the
forecast period. This growth can be attributed to
factors, such as rise in passenger traffic
across the globe due to increase in disposable
incomes of the middle- class population in
emerging economies. Due to the rapid growth in
the procurement of aircraft, the demand for
inertial navigation systems is expected to
increase. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id154810661 Technological advancements in
MEMS-based INS have resulted in its increased
applicability in unmanned aerial vehicles and
small aircraft. The new quartz-based MEMS are
smaller in size and less expensive as compared to
conventional navigation systems. Furthermore,
owing to its small size, MEMS can be mounted
directly on a Printed Circuit Board (PCB),
thereby facilitating seamless integration. Based
on grade, navigation grade INS is estimated to
lead the inertial navigation system market in
2017. The growth in the navigation grade segment
of the inertial navigation system market can be
attributed to the increase in the number of
aircraft in the commercial aviation sector.
Based on technology, the MEMS INS segment is
projected to grow at the highest CAGR during the
forecast period. MEMS INS are smaller,
lightweight, and easily installed and can
effectively eliminate problems caused by
structural and acoustic vibrations as compared to
other INS. Based on application, the space launch
vehicle segment is estimated to be the fastest-
growing segment in the inertial navigation system
market. This growth is attributed to
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increased space research leading to the use of a
greater number of launch vehicles, and increase
in satellite launches. North America is expected
to lead the inertial navigation system market
during the forecast period, due to the growth in
the aviation industry in the region and the
presence of major aircraft OEMs such as Lockheed
Martin (US), Bombardier (Canada), Boeing (US),
and Bell Helicopter (US). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id154810661 About MarketsandMarkets Mar
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